According to a release issued by the team on Monday morning, the Dodgers filed for bankruptcy. Hal Steinbrenner, owner of the New York Yankees, immediately announced that the New York Yankees would purchase the ballclub.

“The Yankees organization always wanted to have a west coast presence – and now we have it,” said Hal Steinbrenner. The Los Angeles Dodgers will be known as the Los Angeles Yankees starting in 2012.

Hal Steinbrenner is happy with his decision.

“It’s an unconventional decision to say the least,” say longtime Yankeees sportscaster, Michael Kay, “but the Yankees want to expand their brand and to have a team in the American League and one in the National League is fantastic.”

Steinbrenner is dreaming of a Yankees-Yankees World Series.

New Yorkers were quick to react. “I feel good about it,” said Sal Provenza of the Bronx. “The Dodgers stabbed Brooklyn and New York in the back when they left over 50 years ago. Now, we got them back – in a way.”

“Yankees will have complete world domination now,” said Bronx native Wanda Easter. “East Coast, West Coast – it’s all Yankees!”

Major League Baseball commissioner Bud Selig immediately approved of the Yankee purchase. He has had a contentious relationship with Dodger owner Frank McCourt and this really “put it in McCourt’s face,” an MLB spokesman said.

”There will be no disruption to the Dodgers day-to-day business, the baseball team, or to the Dodger fans,” said Selig. “But at the start of the 2012 season, the Dodgers will now be the Los Angeles Yankees.

Brian Cash, the Yankees General Manager, said that at the end of the season, the Yankees would be sending Derek Jeter to the West Coast. “Derek is excited. He wants to be near Hollywood with his girlfriend, Minka Kelly, and he can really build a strong fan base in Los Angeles quickly.”

A-Rod has already requested a transfer to the Los Angeles Yankees as well.